Xiaomi (HKG:1810) has an average rating of overweight and mean price target of HK$40.97, according to analysts polled by FactSet.
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Sichuan Jiuyuan Yinhai Software.(SHE:002777) and its subsidiary, Sichuan Xingzheng Information Technology, won two contracts, according to a Monday filing with the Shenzhen bourse.The subsidiary secured a 5.6 million yuan "Project X" deal via competitive negotiation, while the company won an 8.0 million yuan employee medical insurance platform project through open tendering.Shares of the software developer closed 3% lower Monday.
SMS Electric Zhengzhou (SHE:002857) subsidiary Shanghai Sanhui Xinneng Energy Technology invested 14 million yuan into Kunshan Taimingsong Investment Center.Kunshan Taimingsong Investment Center, in turn, subscribed for 11.5 million yuan for a 17.24% stake in Changzhou Fubin Venture Capital Partnership.The 66.7-million-yuan fund, managed by Shanghai Zibin Investment, has a 10-year term with a five-year investment period.Shares of the electricity metering instrument producer closed 3% lower Monday.
Indian benchmark indices surged on Monday, gaining more than 1%, as a sharp decline in crude oil prices improved investor sentiment and triggered broad-based buying across sectors.The BSE Sensex climbed 1,073.61 points, or 1.4%, to close at 76,488.96, while the NSE Nifty 50 advanced 312.40 points, or 1.3%, to settle at 24,031.70.Market sentiment strengthened after Brent crude prices dropped more than 5% to trade below $98 per barrel amid growing optimism over a possible agreement between the U.S. and Iran. The decline in oil prices supported risk appetite across segments.Among individual stocks, Blue Jet Healthcare (NSE:BLUEJET, BOM:544009) jumped nearly 10% despite reporting a decline in fiscal fourth-quarter consolidated profit to 643.4 million rupees from 1.10 billion rupees a year earlier. Revenue from operations also fell to 2.35 billion rupees from 3.40 billion rupees.Cyient (NSE:CYIENT, BOM:532175) rose nearly 2% after announcing that its subsidiary Cyient Semiconductors will raise up to $30 million from funds managed by EAAA India Alternatives and affiliated co-investors. The transaction includes equity investment and structured debt funding.